Midnight Hammer briefly pushes Bitcoin below $100k as we already look forward to Powell
Last Updated on 24 June 2025 by CryptoTips.eu
The US attack on Iran’s nuclear facilities (a military operation dubbed Midnight Hammer) briefly pushed Bitcoin below the $100,000 level on Monday, before it found support fairly quickly. Even the retaliation strikes by Iran on a US base in Qatar didn’t move the needle afterwards. At the time of writing, Bitcoin is once again trading for $105,000.
Pessimism
Although analysts on feared a very red opening on Monday morning in Asia and Europe, that pessimism did not materialize.
“No stock market panic after Operation Midnight Hammer,” said analyst Tom Simonts of KBC Securities on Monday.
Investment manager Simon Wiersma of ING agreed: “shocks resulting from geopolitical tensions are usually very short-lived, with interim price drops being considered good buying opportunities.”
The famous “four red roosters” chart pattern pic.twitter.com/Mmaa5GVFlS
— Peter Brandt (@PeterLBrandt) June 22, 2025
The crypto market as well as the global stock markets managed to recover quite quickly as a major Iranian reaction (so far) did not materialize while buyers were clearly waiting for Bitcoin below the $100,000 level. This means that the largest digital currency has been trading between a floor of $98,000 and a ceiling of $112,000 for over 6 weeks now, which is unexpectedly high.
Interest
From now on, everyone is looking forward to what Fed Chairman Jerome Powell will say today regarding interest rates in the United States. A rate cut or a hint that it will happen in the near future could trigger a rapid increase of the Bitcoin price.
